Moody’s is to review LeasePlan for a possible downgrade.
The rating agency is considering a downgrade of its ratings
for the Dutch based company, including LeasePlan’s Bank
Financial Strength Rating (BFSR), which currently is of
“C”.
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LeasePlan’s ratings which are under review are also its
long-term debt rating of A3 and its long-term subordinated debt
rating of Baa1, while the short term debt rating should be
unchanged at Prime-2.
Moody’s review will be based on the liquidity position of
LeasePlan, on its solvency and on the impact that the crisis within
the vehicle industry could have on the company’s activities.
